The Czech National Bank has approved a proposal to analyze the option of investing a portion of its reserves in Bitcoin, which amounts to around €7 billion or 5% of its international reserves. This decision has received mixed responses, with European Central Bank President Christine Lagarde dismissing the idea of central banks adopting Bitcoin as a strategic reserve asset. Governor Aleš Michl acknowledges the volatility and uncertainty of Bitcoin but sees potential profitability in the investment. The crypto community has been supportive of this decision, while certain states in the US have already begun diversifying their reserves with Bitcoin. The mainstream adoption of Bitcoin by institutional investors has also influenced global central banks to consider digital assets. Additionally, despite challenges from the IMF, El Salvador has made progress with its Bitcoin strategy.



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